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REGISTERED NUMBER: 08846661 (England and Wales)
















Atelier Premiere London Ltd

Audited Financial Statements

for the Year Ended 31st December 2023






Atelier Premiere London Ltd (Registered number: 08846661)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Atelier Premiere London Ltd

Company Information
for the Year Ended 31st December 2023







Directors: Mr A Courtois
Mr V M H Massin



Registered office: 27 Kelso Place
London
W8 5QG



Registered number: 08846661 (England and Wales)



Auditors: Nigel Wilson & Co
Accountants & Statutory Auditor
4th Floor
100 Fenchurch Street
London
EC3M 5JD



Accountant: Wilson Stevens
4th Floor
100 Fenchurch Street
London
EC3M 5JD

Atelier Premiere London Ltd (Registered number: 08846661)

Statement of Financial Position
31st December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Investments 4 2,585,194 2,585,194

Current assets
Debtors 5 22,064 23,016
Cash at bank 33,379 41,769
55,443 64,785
Creditors
Amounts falling due within one year 6 3,009 8,099
Net current assets 52,434 56,686
Total assets less current liabilities 2,637,628 2,641,880

Creditors
Amounts falling due after more than one
year

7

1,555,386

1,864,482
Net assets 1,082,242 777,398

Capital and reserves
Called up share capital 10,000 10,000
Retained earnings 1,072,242 767,398
Shareholders' funds 1,082,242 777,398

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12th March 2024 and were signed on its behalf by:





Mr V M H Massin - Director


Atelier Premiere London Ltd (Registered number: 08846661)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. Statutory information

Atelier Premiere London Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Atelier Premiere London Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Ateliers de France SAS, 12, rue du Parc Royal, 75003, Paris.

Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


Atelier Premiere London Ltd (Registered number: 08846661)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

4. Fixed asset investments

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Investments in subsidiaries 2,585,194 2,585,194

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Hare & Humphreys Limited
Registered office: 27 Kelso Place, London, W8 5QG
Nature of business: Specialists painters and decorators
%
Class of shares: holding
Ordinary 90.00

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Amounts owed by group undertakings 12,130 12,130
Other debtors 9,934 10,886
22,064 23,016

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 9 9
Amounts owed to group undertakings - 589
Other creditors 3,000 7,501
3,009 8,099

Atelier Premiere London Ltd (Registered number: 08846661)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Amounts owed to group undertakings 1,555,386 1,864,482

8. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

David Hatchard BA FCA (Senior Statutory Auditor)
for and on behalf of Nigel Wilson & Co

9. Ultimate controlling party

The immediate parent company was Groupe Meriguet SAS, a company incorporated in France, owning 90% of the share capital.

The ultimate parent company is Ateliers de France SAS, a company incorporated in France.

Consolidated accounts are prepared and available from Ateliers de France SAS, 12, rue du Parc Royal, 75003, Paris.

The directors consider there is no one ultimate controlling party.